2013-05-27

The Collapse of a Trust

地产信托溃败
这也迫使安信信托不得已降低投资门槛至20 万元,否则担心没有足够的投资者来“捧场”。

This sentence states that one trust company has been forced to lower the initial investment to 200,000 yuan, otherwise it would be unable to find enough investors. A lot of trusts are only pulling in 40-60% of their initial fundraising targets with investors skittish. The article cites on company with real estate in Dongguan. The city of course is in financial trouble, and investors were unwilling to pony up cash even at 9-10% rates of interest.

Link to Google Translated article: Property Trust rout

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